On Tuesday, Shares of Energy Transfer Equity LP (NYSE:ETE), subtract -2.93% and closed at $16.22 in the last trading session. The last trading range of the stock ranges between $16.16 and $16.78. Williams Companies Inc (NYSE: WMB) price target was raised to $36 by Argus following the fallout between a merger agreement with Energy Transfer Equity (NYSE: ETE) in June.
Williams Companies stock has raised over 50 percent since the termination of the agreement between the two energy companies. Energy Transfer was set to purchase Williams for $33 billion, but the deal became less attractive as oil prices continued to slump.
Argus cited recent activist interest in shares in addition to a “run-up reflects expectations for continued strong demand for natural gas, both from commercial and residential customers; the company’s opportunities to expand its natural gas assets” has the stock moving higher.
Oclaro, Inc. (NASDAQ:OCLR), dropped 0.80% and closed at $8.79 in the last trading session. The last trading range of the stock ranges between $8.63 and $8.80. The company’s Market capitalization is $1.46 Billion with the total Outstanding Shares of 162.94 million. Oclaro, Inc. (OCLR) declared recently the pricing of its public offering (the “Offering”) of 15,000,000 shares of its common stock at a price to the public of $8.35 per share. In addition, Oclaro has granted the underwriters a 30-day option to purchase up to 2,250,000 additional shares of its common stock. Oclaro anticipates to close the offering on September 27, 2016, subject to customary closing conditions.
Oclaro intends to use the net proceeds from the offering for general corporate purposes, counting working capital, capital expenditures, other corporate expenses and acquisitions of complementary products, technologies or businesses. Oclaro does not have agreements or commitments for any specific acquisition at this time.
VimpelCom Ltd (ADR)(NASDAQ:VIP), lost -0.85% and closed at $3.48 in the last trading session. The last trading range of the stock ranges between $3.48 and $3.52. During the 52-week trading session the minimum price at which share price traded, registered at $2.71 and reached to max level of $4.51. VimpelCom Ltd. provides mobile telecommunications services in Russia, Algeria, Pakistan, Bangladesh, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Italy, Armenia, Georgia, Kyrgyzstan, and Laos. It offers voice, data, and other telecommunication services through a range of traditional and broadband mobile and fixed line technologies. The company offers mobile telecommunications services under contract and prepaid plans for both corporate and consumer segments; value added services, counting messaging services, content/infotainment services, data access services, location based services, media, and content delivery channels; national and international roaming services; wireless Internet access; mobile financial services; and mobile bundles. It also provides fixed-line telecommunication services, such as voice, data, and Internet services to corporations, operators, and consumers. In addition, the company sells equipment and accessories; provides specialized customer care services; and offers other data services, such as machine-to-machine, mobile virtual private network, geo-positioning services, fixed mobile convergence, and mobile cloud solutions. As of December 31, 2015, VimpelCom Ltd. owned 1,455 retail mono-brand stores.